In response to several complaints raised by customers against the electricity distribution companies, the FCCPC has declared that customers should be refunded.
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Traders lament as demand for rice remains low, even as prices crash by N22,000 again
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FG waives N97 billion import duties on rice, others, predicts 18% price drop by year-end
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Elitist no more, caviar is turning casual
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Nigeria’s non-oil exports reach $1.7 billion, as FG releases list of top commodities
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Dead salmon create election stink on Australian island
Chile's largest steelmaker suspends production, blames China
Chile's largest steel plant announced on Wednesday that it had suspended operations because it could not sustain itself financially, despite new tariffs on Chinese steel meant to protect local production.
CBN slashes FX rate for cargo clearance as Customs begins duty-free implementation amid naira gains
The Central Bank of Nigeria (CBN) has adjusted Nigeria Customs exchange rates for cargo clearance in Nigeria ports as the naira appreciated against the dollar.
Health experts urge Olympics to cut ties with Coca-Cola
Two health experts on Wednesday urged Olympic organisers to cut ties with Coca-Cola, saying the current big money sponsorship deal allows the US company to "sportswash" unhealthy sugary drinks. "It's time for the International Olympic Committee (IOC) to cut ties with Coca-Cola in the interest of athletes, spectators and the planet."
Expect more product placement at Olympics, says IOC
The Olympics is set to feature more and more high-profile product placement in a major departure from the past when brands were kept away from the sport, the International Olympic Committee (IOC) said Wednesday. But no advertising has been allowed on sports fields or at venues, depriving the Switzerland-based IOC of extra revenue.
'Miseries of the Balkhash': Fears for Kazakhstan's magical lake
Seen from the sky, with its turquoise waters stretching out into the desert expanses in the shape of a crescent, you can see why they call Lake Balkhash the "pearl of Kazakhstan". Beijing is a key economic partner for Kazakhstan but it is less keen to collaborate on water issues.
Prices of rice, other food items to crash as Customs is set to begin import waiver, sets rules
The Nigeria Customs Service has disclosed that it is working with the Ministry of Finance to set new guidelines for the implementation of duty-free food import.
Hong Kong's Cathay unveils deal to buy up to 60 aircraft
Hong Kong carrier Cathay Pacific said Wednesday it would buy up to 60 Airbus A330-900 aircraft as it looks to build on a post-Covid recovery and reach pre-pandemic passenger numbers in the new year.
Naira to dollar appreciates as CBN commences new deal with currency traders
According to the data obtained from FMDQ, the value of the Nigerian naira increased against the US dollar on Tuesday, August 6, closing at N1,601/$.
Music and gaming help Sony hike net profit forecast
Sony raised its annual net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in video games and music, as well as image sensors used in iPhones. Yasuo Nakane of Mizuho Securities said before the earnings announcement that Sony could log a record high profit this year for its image sensors.
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